yemmight:

Good idea but you will be shocked the calibre of people that will buy the company.

Akanbi_edu:

Yes. Only those who've got money will be able to buy. Worry more about getting constant power supply. Abegi.

netotse:

make that who've got money to waste. . .at the present tariff levels, it'll most likely be people who have money and are not really interested in quick returns because unless tariffs are increased before the sale, i doubt they'll be able to push through a tariff rise after buying the company and the only people i think that can pull that off are people that have stolen money. . .correct me if i'm wrong!

Sky Blue:

Wetin consain you consain whether it is people with 'stolen money'? That is the beauty of private enterprise. If they don't improve their business and please their customers they will lose their customer base to competition that would be willing to provide a better service, simple.

Sky Blue:

Wetin consain you consain whether it is people with 'stolen money'? That is the beauty of private enterprise. If they don't improve their business and please their customers they will lose their customer base to competition that would be willing to provide a better service, simple.

netotse:

lose customers to who? guy, chill out now, this is electricity we're talking about o, not your run-of-the-mill service. . .they won't be losing jack to anybody. where the money comes from is an indicator of how the company might be run now. . .

Generator will replace them instantly

netotse:

lose customers to who? guy, chill out now, this is electricity we're talking about o, not your run-of-the-mill service. . .they won't be losing jack to anybody. where the money comes from is an indicator of how the company might be run now. . .

9jaganja:

Mortgage the future, squander the resources through corruption and poor management then sell infrastructure. It can work if we do the right thing. Keep selling it away. Don't give capitalism a safe haven in Nigeria break it's wings and have it work around monitored else it will bring destruction!!

Sky Blue:

Eleven power distribution firms are being sold (not one). Again I repeat, it is not you or government that would be losing money or investment so wetin consain you? If they don't run the business efficiently they lose customers and more importantly to them, their financial investment goes down the drain. Na your money?

netotse:

you fail to see my point, lose customers to who? the distribution companies are arranged regionally, so distribution companyA cant supply discoB's customers(see picture attached below), if you go back to generator, what's the point then?you'll merely be increasing your costs. The big companies might be able to afford that, but it'll most definitely put strain on a lot of nigerians.

you cant deal with power the way you'd deal with any other service because among others, power is a monopoly.

i think the issue here is that you dont know enough about the power sector to understand how things could possibly go wrong. if they lose their investment, then the economy will suffer worse that it's suffering now!

Akanbi_edu:

Capitalism is better for Nigeria at this time.

Sky Blue:

And who wants to throw money down the drain? I don't think you fully appreciate how reliant Nigeria is on generators. When NEPA went on strike who actually missed their services? [/b]MTN sinks huge money into running generators and also budget for that. Do you really understand how measly 4000MW for a country of over hundred million is? Such capacity is not enough to run industries (that have learnt not to rely on NEPA) and I can name cities in the world that generate more power than PHCN does for the whole country. The infrastructure is aged and needs upgrading. The grid is being upgraded. We have more to gain and [b]investors have much more to lose if they fail. Selling of 11 distribution firms is just a start and you fail to realise that we do have a (by force by force) national grid, which means you don't need to live in the same state to get power from distribution companies there.

netotse:

@skyblue
*sigh* trust me, i understand the nigerian power system very well, when you hear the term 'national grid' what the technical people primarily refer to is the transmission grid not the distribution grid, the distribution  zones are not interconnected the way you thing they are. I pasted that picture so you could see it was by regions not states, pray tell, when a region doesn't have enough power for it's own consumers why would it want to supply another region?

we're not talking about other cities in the world, we're talking about nigeria, those cities dont have the same issues that we have here.

i must say, you're starting to stray into operations and it's only fair to warn you that if you're planning to argue that with me, it wont be a fair fight in the least!

9jaganja:

HAHHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!! Capitalism is what you've had since the 80s how is that working? few rich most poor!!!

Sky Blue:

There is no need to even stray into operations as such would only prove an unecessary distraction. The point is we have more to gain and private investors have more to lose from this arrangement. I have not actually seen you attempt to dispute that. Whose money in capital investment is going to be lost if the distribution companies run inefficiently? People who are so worried about rich corrupt politicians buying up our infrastructure can sue them to court when we have the a judicial system that actually works. Till that day comes the people need light and whoever has the money to buy and run operations for a profit is free to do so. As long as government is there to regulate the market and the sector is liberated and open to other players somewhere down the line then so be it. Heck if government selling roads would mean we have good roads then so be it, I think Nigerians have had enough of government inefficiency.

netotse:

yep the investors'll have more to lose, i never disagreed with that, my point was that we'd suffer as well. . . if where the money comes from doesn't matter, then why are the states being allowed only a minority holding in the distribution companies?

i'm all for the privatization, but the tariff needs to be sorted out first, and if government doesn't sort that out, then selling the distribution companies wont make much of a difference!

Akanbi_edu:

What we ve had was not capitalism. State-run power, state-run refineries, state-run water supply, state-run telecoms until 2000, etc is that what you call capitalism?

netotse:

@skyblue
*sigh* trust me, i understand the nigerian power system very well, when you hear the term 'national grid' what the technical people primarily refer to is the transmission grid not the distribution grid, the distribution  zones are not interconnected the way you thing they are. I pasted that picture so you could see it was by regions not states, pray tell, when a region doesn't have enough power for it's own consumers why would it want to supply another region?

9jaganja:

hahahahahah. State run water system? When everyone had boreholes and wells? State ran refineries? Which private investor was able to invest? Which was capable back then? I guess Dangote's company was state ran too right? All those private companies that produced bread and ton of common commodities were state ran too right?

Capitalism is evil!! I'm for real economy dude!! Capitalism that made American companies sell weapons to hitler and supply amunitions to the same terrorist America is going after. Yeah the capitalism that means you can do business with your nation's enemy because regulations are taboos.

Company profits were suppose to benefit every member of the company not pay people petty prices and go home with a massive while your employees are finding it hard to sustain themselves. That is capitalism. I'm all for private investors but take capitalist mentality out of it first. Nigeria is extremely capitalist that is why people work in bad conditions and get paid pennies while their ogre is having the best times of his life. If they get hurt at work, no benefits most don't even get treatments cause it's every man for himself right? Nigeria is capitalist on the extreme end of the stick. That is the truth. I can go to Nigeria, make billions and go home with my money without improving the lives of the people that made my billion dollars dream come true.

The number nation on this planet isn't capitalist!! Bush pushed the capitalist agenda during his tenure that landed him in the black book of America. Shell is enjoying Nigeria's capitalism. That is why their spills don't need clean ups. America gave some companies bail out money and what happened? Some execs gave themselves huge bonuses out of the public money cause regulations doesn't apply!! We work together and enjoy and suffer the benefits and pains together not we work for you while you enjoy the benefits alone!! That is a bad idea.!!

Beaf:

Learn about your country before spewing hogwash. If you don't know everything in Nigeria is state run from Abuja, then you aren't fit to comment in the politics section.

Sky Blue:

The amusing thing is that I keep saying we run a federal system in theory but are very much a communist state (except without the sharing of wealth with the people and all the good parts of communism). We are practising federalism and running a very corrupted and novel communism. Nigeria we hail thee 

Beaf:

Learn about your country before spewing hogwash. If you don't know everything in Nigeria is state run from Abuja, then you aren't fit to comment in the politics section.

erico2k2:

Right move FG
Wel everybody remember waht happened in our telicomunication sector.